Gvc Share Discussion Threads

[cheshiremoggie] 18/1/2017 19:55

Interesting note Speed..As I said in an earlier post 2017 divi expected around €0.25 (0.26 in this case) rising to €0.335 in 2018.Any improvement on those should help with a rerating upwards.CM.

[festario] 18/1/2017 18:56

Plasybryn, read my last post.

[plasybryn] 18/1/2017 18:29

Is that changed from before or has it always been 50% of ann. free cash flow?

[speedsgh] 18/1/2017 18:26

Free Cash Flow -

[666james] 18/1/2017 18:21

many thanks to you both, Festario/speedsgh . I will have a look at the rns you mentioned.
Sounds a great policy for shareholders and there is the 12.5p being paid in Feb.
Thanks again

[srpactive] 18/1/2017 18:20

50% of profits probably after tax, returned to shareholders via dividends.

Could they have cancelled due to Betfred interested in buying gvc?

dyor

regards

active

[speedsgh] 18/1/2017 18:18

666james - see under Dividend Policy in their 3/11/16 rns



"...the Group plans to adopt a dividend policy of distributing 50% of annualised free cash flow..."

[festario] 18/1/2017 18:15

666James, it means that 50% of net profits (after tax) are distributed to shareholders in the form of dividends.It's been a fantastic source of income for many of us for quite a few years.It used to be 75%, but for a FTSE top 250 company, 50% is very impressive.

[666james] 18/1/2017 17:42

can any of you clever guys tell me what is the meaning of "50% pay out policy"

[festario] 18/1/2017 17:32

.... and in what market can another 100k change hands, ages after the bell, priced well over 626p, when it's been nowhere near that all day? Hmmm.

[kop202] 18/1/2017 16:44

Good spot Speed and thanks for postingMy nervous ticks have now subsided

[festario] 18/1/2017 16:36

Ohhh.... that final massive trade might well be desperate shorters closing. It was never 624.5p all day, but they were happy to pay it!

[festario] 18/1/2017 16:34

We might see some major buying as shorts close now, having reached their target. They've done well to be fair to them.

[loganair] 18/1/2017 16:24

GVC Holdings and Betfred have announced that they are to end their technology partnership, less than one year into the 10-year deal.

In May of last year, the two companies signed an agreement for GVC to licence its online sportsbook and gaming platform to Betfred on an exclusive basis.

The deal covered the full migration of Betfred's online business, with the GVC platform offering a single account.

However, in a joint statement issued this week, the two companies said they have agreed to terminate the partnership “by mutual consent”.

The statement added that the decision was “reached amicably, with no penalty clauses triggered by either party”, and that the move will allow both companies “greater flexibility to develop their businesses going forward”.

[fizzypop] 18/1/2017 16:17

A decent rise into the close and looking like the start of a major bounce.

[nurdin] 18/1/2017 15:59

Thanks speed...very useful

[speedsgh] 18/1/2017 15:44

New Edison research note...

A game changer -

[velod] 18/1/2017 10:17

The last time I did a proper check the 600p area was awash with strong support points a tickle above 600p and a tickle below 600p. It could close just pennies below 600p and still be viewed (by me) as holding support at 600p. This is why it's taken so many attempts to breach 600p. If instead it closes at lower 590p's it'll be like being the last defenders inside the Alamo or the last Spartans, with envitable consequences. So it isn't over until the fat lady sings in the low 590p's (INMO).

Before self employment when I was in management we were always being challanged by the mantra: "If you can't measure it, you can't manage it". Which is exactly the case here. If investors don't know the reason for this huge retrace then you can't manage your expectations of where the share price is heading.

[festario] 18/1/2017 10:03

Yes, that was the original arrangement, but it had to be surrendered following the BPTY deal, and compensatory payments were made. The 600p target no longer applied.

[velod] 18/1/2017 09:55

The original bonus agreement had a covenant that to be rewarded with the bonus, the share price had to remain above 600p for 6 months solid. It first remained above 600p continuously in early July - which puts the bonus award in their hands by end of December early January.

[mylands] 18/1/2017 09:12

Festario

Agree about the big rise but this fall, after good figures at the end of the year, cannot be explained IMO by a simple correction, it's more than that.

You may well be right about the LTIP conditions. Too complicated for me!

[nurdin] 18/1/2017 09:05

yes I agree.Perhaps an email to the company wouldnt go amiss?

[festario] 18/1/2017 09:00

... after a big, Big rise Mylands.But, I was under the impression that the bonus deal 'over £6' was wiped away and replaced by a one off cash payment in lieu, which was paid out after the BPTY takeover was done?

[mylands] 18/1/2017 08:56

I don't suppose there is any clawback in the LTIP if/when the share price drops below 600p? It would be nice to think that the incentive really works and is not just taken as part of the basic salary, with no downside when performance is negative.

I am at a loss to understand why there has been so little comment from the company as this fall continues unabated with the share price 22% down from the high, that's a big, big fall.

[ballychan] 18/1/2017 08:46

If you RNS the winning of a contract, then you most certainly need to RNS the cancelling of it. Disappointing and poor regulatory control there.Below are snippets of the RNS win."The 10-year transformational B2B agreement involves the full migration of Betfred's online business, including all its sportsbook and gaming offering, to the GVC platform on an exclusive basis.Kenneth Alexander, Chief Executive of GVC, said:"We are delighted to have secured this exciting and important B2B partnership with Betfred, one of the major players in the UK gaming market, so soon after the acquisition of bwin.party. This is a significant deal for GVC and recognises the strength and inherent value of our proprietary technology."